Kenyan News

Kenyan News

US Issues Travel Warning To Kenya

January 14, 2017
The U.S. Department of State has warned U.S. citizens to avoid travel to the border area between Somalia and Kenya because of threats by the terrorist group al-Shabaab. The Department also told its citizens to be vigilant of potential […]
Kenyan News

Airtel Kenya sacks 100 Employees

January 13, 2017
Airtle Kenya, the country’s second largest telecommunications company in terms of market share has sacked 100 employees in a move aimed at “improving efficiencies across the company’s functions with an aim to enhance customer experience.” In […]
Kenyan News

Lower Rates as Kenyan Govt Rejects Expensive Money

January 13, 2017
Kenya’s treasury continued rejecting expensive cash leading to short term interest rates continue to edge downwards. This is as a consequence of the government being ahead of its domestic borrowing target of shs 123.6 billion, […]
African News

Java House Opens its first outlet in Kigali, Rwanda

January 13, 2017
Kenya’s leading chain of coffee shops, Java House has announced the opening of its first outlet in Kigali, Rwanda situated at Kigali Heights, next to Kigali Convention Centre. The Rwandan shop marks Java’s 56th branch across […]
Kenyan News

BMI says Kenya’s GDP to decelerate in 2017

January 13, 2017
According to BMI Research, Kenya’s real GDP growth will decelerate in 2017 noting that credit growth remains weak following the government’s cap on lending rates. “Concerns over real GDP and credit growth will keep Kenya’s central […]
Kenyan News

Kenya Govt Reopens 15 Yr Treasury Bond Sale

January 13, 2017
The government through the Central Bank of Kenya is seeking Ksh 30 Billion for budgetary support by re-opening the 15 year bond (5.37 years to maturity). The coupon rate on this bonds is 13.5%. The period […]
Kenyan News

President Kenyatta, PM Modi Move to Bolster Kenya-India Ties

January 12, 2017
Press Release by Kenya’s office of the President; President Uhuru Kenyatta and Prime Minister Narendra Modi today led their delegations in bilateral talks geared towards bolstering cooperation between Kenya and India. The two leaders discussed […]
Kenyan News

NSE 20 Share Index at Levels last seen in 2009

January 12, 2017
The Nairobi Securities Exchange benchmark ‘NSE 20 Share Index” on Wednesday slipped by 1.17% downwards to close at 3,047 points- levels last seen in September 2009. The drop was mainly caused by a 5.56% and 4.15% […]
Kenyan News

Stanbic Bank lowers Kenyan 2017 economic growth to 5.4%

January 11, 2017
Stanbic Bank on Monday released its review of 2016 and outlook for 2017 forecasting that Kenya’s GDP growth in 2017 would only expand by 5.4% compared to previous estimate of 5.8%. According to the report, 2016 largely proved to […]

African News

African News

Mastercard Collaborates To Provide Acceptance In Uganda

January 16, 2017
Mastercard has announced a partnership with Orient Bank to expand the acceptance of Mastercard payment cards at ATMs and point-of-sale (POS) terminals across Uganda. According to Payments Africa, the collaborative effort will see the acceptance […]
IMF Managing Director Christine Lagarde
African News

IMF says Efforts to save the naira have crumbled

January 16, 2017
The International Monetary Fund (IMF) says efforts to save the naira by rationing foreign exchange have gradually crumbled. According to Fund, challenges around Nigeria’s foreign exchange have pushed inflation to double digits in Africa’s largest economy. […]
African News

Dollar Supply Shrinks in Zimbabwe

January 15, 2017
A limited supply of dollars has seen retailers offering huge discounts as long as clients pay in cashin Zimbabwe. Credit cards are now being shunned and limits are also being imposed on their use. This […]
African News

Employment prospects in sub-Saharan Africa seem to be stagnating

January 15, 2017
From this year’s Foresight Africa report by Brookings Institution, employment prospects in sub-Saharan Africa seem to be stagnating according to data from International Labor Organization (ILO). Productivity, while predicted to rise in 2016, remains below 2000-2013 levels—largely to due Africa’s […]
African News

Nigeria December inflation hits 11 Year High

January 14, 2017
Annual inflation in Nigeria rose in December to 18.55 percent, the National Bureau of Statistics said on Friday, its highest in more than 11 years and the eleventh straight monthly rise. The rise from 18.48 […]
African News

Moody’s Gives Negative Rating to Sub-Saharan Africa

January 14, 2017
Rating agency Moody’s has given a negative outlook to several countries in sub-Saharan Africa for 2017 against a backdrop of the liquidity stress facing commodity-dependent countries, subdued economic growth, and persistent political risk. The agency […]
African News

The 752Km Ethiopia – Djibouti railway officially opened

January 14, 2017
The new 752km Railway linking Ethiopia’s capital Addis Ababa, with the Port of Djibouti has officially been opened in the presence of Djibouti’s President Omar Guelleh, and Ethiopia’s Prime Minister Hailemariam Desalegn. The new railway can […]
African News

Java House Opens its first outlet in Kigali, Rwanda

January 13, 2017
Kenya’s leading chain of coffee shops, Java House has announced the opening of its first outlet in Kigali, Rwanda situated at Kigali Heights, next to Kigali Convention Centre. The Rwandan shop marks Java’s 56th branch across […]
African News

RWANDA POLICY GOOD FOR GROWTH

January 12, 2017
Rwanda has had an annus mirabilis in 2016. This can be attributed to the narrowing of the country’s trade deficit as a consequence of increased exports and reduction in imports. Recently, Rwanda’s central bank announced a […]
African News

Iraq to export 1M oil barrels a month to Egypt

January 11, 2017
An agreement signed between the Egyptian government and its Iraqi counterpart to supply Egypt with 1m barrels of Basrah Light crude oil per month with facilitated payment terms will come into effect within the next […]

Global Market

Global News

Eastern EU has few migrants to bolster population sag

January 15, 2017
A ‘double whammy’ of emigration and unfavourable death and birth rates is depopulating eastern EU member states. The trend in several Central and Eastern European (CEE) countries for the death rate to exceed the birth […]
Global News

Delta Air net profit falls 37 percent

January 13, 2017
Delta Air Lines on Thursday reported a 37 percent decline in fourth-quarter net profit and forecast passenger unit revenue, a closely watched metric, to be flat to up 2 percent in early 2017. The No. 2 […]
Global News

Yahoo Says Its Not changing name to Altaba

January 12, 2017
Yahoo has announced that it will not be changing its name to Altaba, Yahoo Finance has dismissed the misleading information. The company which will change its name to Altaba is a company formerly known as “RemainCo,” a portion […]
Global News

Tullow Oil CEO and founder to step down in April

January 12, 2017
Tullow Oil’s long-serving CEO and founder Aidan Heavey is to step down in April and retire within two years, the company said on Wednesday as it announced lower than expected production for this year due […]

Opinion and Commentary

Editorial

Happy New 2017 From Kenyan WallStreet Team!

December 31, 2016
The Kenyan Wall Street team would like to take this opportunity to wish all our readers, writers and followers a very happy and prosperous New Year 2017. Since December 2015, the team has successfully published hundreds of articles providing market […]
Opinion and Commentary

Opinion; Banking Opportunities In Africa Untapped

November 22, 2016
There are huge, untapped banking opportunities in Africa and banks in the region need to step up to succeed. Retail banking in Africa is far from straightforward. As the world’s second largest and second most […]

Events

Jan
16
Mon
all-day Modern Airports Africa – Nairobi
Modern Airports Africa – Nairobi
Jan 16 – Jan 17 all-day
The Modern Airports Africa, organized by the IQPC Germany will take place from 16th January to 17th January 2017 in Nairobi, Kenya. This conference will primarily focus on the modernizing the airports in Africa. This [...]
Jan
17
Tue
all-day Base Titanium Q4 2016 Report Rel...
Base Titanium Q4 2016 Report Rel...
Jan 17 all-day
Base Titanium Q4 2016 Report Release
Base Titanium, a wholly-owned subsidiary of Australian and UK-listed resources company, Base Resources Limited will on Tuesday 17th January 2017 hold a briefing in Nairobi to give updates on the progress of its flagship Kwale Mineral Sands Project during [...]
Jan
19
Thu
all-day Donald Trump takes Oath of Offic...
Donald Trump takes Oath of Offic...
Jan 19 – Jan 20 all-day
Donald Trump takes Oath of Office & Inauguration
On Thursday 19th January, U.S. President-Elect Donald Trump will take the Oath of Office and also deliver his inaugural address. On Friday, Trump will be sworn in as the 45th President of the United States at 12:00PM [...]
Jan
27
Fri
12:00 pm East African Portland Cement AGM @ Athi River
East African Portland Cement AGM @ Athi River
Jan 27 @ 12:00 pm – 4:00 pm
E.A. Portand Cement will hold its Annual General Meeting on 27th January at the company’s headquarters in Athi River.
Jan
30
Mon
all-day CBK MPC Meeting
CBK MPC Meeting
Jan 30 all-day
Kenya’s Central Bank will hold its first monetary policy (MPC) meeting of 2017 on 30th January. In its last meeting on November 28, 2016, the Bank retained its Key lending rate (CBR) at 10.0 percent saying that [...]

Enter your email to subscribe to our posts:

Follow on Facebook

Follow on Twitter

Follow on LinkedIn